VEB ALGEMENE BOUWONDERNEMING: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VEB ALGEMENE BOUWONDERNEMING
Largest movements
- Tangible fixed assets -€33,734
down €33,734 (-22.8%), from €147,879 to €114,145
- Receivables within one year -€16,761
down €16,761 (-16.8%), from €99,613 to €82,852
of which Trade receivables: -€16,343
- Deferred charges and accrued income -€4,834
down €4,834 (-54.4%), from €8,886 to €4,052
- Debts after one year -€39,938
down €39,938 (-27.6%), from €144,622 to €104,684
- Profit (loss) carried forward -€16,704
down €16,704 (-70.9%), from €23,576 to €6,872
- Current portion of long-term debt +€8,105
up €8,105 (+37.6%), from €21,582 to €29,687
- Trade debts -€4,330
down €4,330 (-9.4%), from €46,099 to €41,769
- Gross operating margin -€30,240
down €30,240 (-18.7%), from €161,347 to €131,107
- Staff costs -€5,662
down €5,662 (-4.9%), from €115,899 to €110,237
- Financial charges -€2,111
down €2,111 (-35.5%), from €5,951 to €3,840
- Taxes -€2,084
no longer reported in 2025 (was €2,084)
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €260,231 | €205,012 | -€55,219 | -21.2% |
| Fixed assets | 21/28 | €147,879 | €114,145 | -€33,734 | -22.8% |
| Tangible fixed assets | 22/27 | €147,879 | €114,145 | -€33,734 | -22.8% |
| Furniture and vehicles | 24 | €147,879 | €114,145 | -€33,734 | -22.8% |
| Current assets | 29/58 | €112,352 | €90,867 | -€21,485 | -19.1% |
| Amounts receivable within one year | 40/41 | €99,613 | €82,852 | -€16,761 | -16.8% |
| Trade receivables | 40 | €54,665 | €38,322 | -€16,343 | -29.9% |
| Other amounts receivable | 41 | €44,948 | €44,530 | -€418 | -0.9% |
| Cash at bank and in hand | 54/58 | €3,853 | €3,963 | +€110 | +2.9% |
| Deferred charges and accrued income | 490/1 | €8,886 | €4,052 | -€4,834 | -54.4% |
| Total equity and liabilities | 10/49 | €260,231 | €205,012 | -€55,219 | -21.2% |
| Equity | 10/15 | €45,576 | €28,872 | -€16,704 | -36.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,576 | €6,872 | -€16,704 | -70.9% |
| Amounts payable | 17/49 | €214,655 | €176,140 | -€38,515 | -17.9% |
| Amounts payable after more than one year | 17 | €144,622 | €104,684 | -€39,938 | -27.6% |
| Financial debts | 170/4 | €144,622 | €104,684 | -€39,938 | -27.6% |
| Amounts payable within one year | 42/48 | €70,033 | €71,456 | +€1,423 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €21,582 | €29,687 | +€8,105 | +37.6% |
| Trade debts | 44 | €46,099 | €41,769 | -€4,330 | -9.4% |
| Suppliers | 440/4 | €46,099 | €41,769 | -€4,330 | -9.4% |
| Taxes, remuneration and social security | 45 | €2,352 | - | -€2,352 | |
| Remuneration and social security | 454/9 | €2,352 | - | -€2,352 | |
| Remuneration, social security and pensions | 62 | €115,899 | €110,237 | -€5,662 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,505 | €33,734 | +€229 | +0.7% |
| Gross operating margin | 9900 | €161,347 | €131,107 | -€30,240 | -18.7% |
| Operating profit (loss) | 9901 | €11,943 | -€12,864 | -€24,807 | |
| Financial charges | 65/66B | €5,951 | €3,840 | -€2,111 | -35.5% |
| Recurring financial charges | 65 | €5,951 | €3,840 | -€2,111 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €5,992 | -€16,704 | -€22,696 | |
| Income taxes | 67/77 | €2,084 | - | -€2,084 | |
| Profit (loss) for the period | 9904 | €3,908 | -€16,704 | -€20,612 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,908 | -€16,704 | -€20,612 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.